A railway transportation sustainability initiative launched in India will use blockchain technology to automate and streamline rail transport operations.
Rajkumar Das, CEO and co-founder of the Railway Transportation Sustainable Initiatives (RTSI) told CoinDesk: “This project is a proof of concept of what we have seen and will be trying to replicate for our projects across the globe.
The technology has been created with the purpose of bringing the railway transport sector under one platform, thereby allowing for a seamless and seamless operation.”
He said the RTSI is currently looking at various applications, including: automated train management and train control systems; passenger data entry, booking and payment; and the implementation of smart railway management systems.RTSIs primary focus is on railway transport in India, Das said.
India’s rail transportation sector is experiencing a surge in growth and demand, with a massive influx of passengers, many of whom are using smart devices such as mobile phones.
A major hurdle to the sector is the lack of automation and data entry systems in train stations, and infrastructure to support that, as it has been decades since rail infrastructure was in place to handle the demand.
The new platform is designed to address these problems by allowing the use of blockchain to enable seamless rail transportation, which can be carried out at any railway station.
In the future, the RTFS initiative plans to roll out smart railway transportation systems across the country, allowing train operators to create smart infrastructure for rail transportation.
“With blockchain technology, we can take the current infrastructure and create a new one,” Das said, adding that it would allow the railway operators to develop new services.
A railway transportation project for IndiaA railway transport sustainability initiative is launching in India to automate the transportation of trains and vehicles, and streamlines rail transport.
A project titled “The Railway Transport Sustainability Initiative” was launched by the railway transportation ministry in the month of April.
The initiative aims to digitize the entire railway transport network in India.
The railway transportation system currently handles more than 90 million passengers a day and employs more than 1,300,000 people in India alone, according to the ministry.
India has a massive infrastructure problem, with more than one million bridges and roads that are currently under construction and over 400 million vehicles on the roads.
The government has set a target of 10% of the country’s total transportation needs being met by rail by 2020, with the railways expected to account for around 30% of that demand.
“Rail transport is the backbone of the economy and we must work towards improving our infrastructure to meet the growing demand of our citizens,” said Railway Minister Sadananda Gowda.
The RTS initiative aims at simplifying the transport system and cutting costs for railway operators by streamlining the process for managing trains and trains crews.
“The project is being implemented by using blockchain technology and is a demonstration of how it can be used for smart infrastructure,” Das added.
“Currently, there are over 500 railway transport projects in India with more to come.”
He noted that the RTPI is also in the process of launching a pilot project for a blockchain-based smart railway operations system.
The pilot project, which has a pilot phase and is scheduled to be completed in 2020, will have a central management system, allowing the railway authorities to create their own smart railway operation system.
The pilot will be followed by a full-fledged pilot project in 2021.
The project has already been approved by the Indian Railway Ministry and will go live by the end of the year.RTFS has plans to digitise the entire rail transport network, enabling train operators and railway personnel to create an automated train service.
Das explained that the project will also help improve the logistics of railway transportation by automating the process, which is currently done through traditional methods.
Currently, trains are manually operated by railway personnel at train stations or at railway hubs, he added.
A train can be manually operated and it is a matter of time before trains will be automated with blockchain technology.
The blockchain technology will help train operators reduce the amount of time needed for manual operation and improve train logistics, he said.
The technology is also designed to make the railways easier to use for people with disabilities, which will improve the speed of train operations.
Dras explained that train operations will be streamlined by using smart infrastructure and train management systems that will enable the railway staff to automate operations.
In addition to train operations, the project is also focused on reducing costs and time for train operators.
“Currently, a train costs about Rs 2,000,000 ($4,500) per day, whereas it can cost about Rs 10,000 to Rs 30,000 per day to run a train.
With blockchain technology we can save them around 15-20%,” he added, adding: “If you have an operator that has a fleet of more than 10 trains, the total cost of running a train would be around Rs 5,000.”
In addition, trains can be fully